🎓 $3.1B Education Spend in Singapore. 53K US Electric Charging Stations. 1B Users for WeChat.
Chart of the Day #176 looks at Education Expenditure, Alternate Fuels and Mobile Apps
Ayubowan 🙏
Despite global curbs, Chinese EV sales surged in August. New tariffs may affect future exports, but Chinese firms are expanding production overseas. Singapore's Ministry of Education (MOE) has terminated its contract with Mobile Guardian following two major cybersecurity breaches.
Today's Topics
🎓 Education Expenditure. Singapore Allocated $3.1B for Education in 2021
⛽ Alternate Fuels. Electricity-Dominated Alternate Fuels in the US
📱 Mobile Apps. Over 1B Monthly Users for WeChat
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🎓 Singapore Allocated $3.1B for Education in 2021
In 2021, Singapore's government allocated the highest recurrent expenditure to secondary schools and junior colleges, totaling SGD 3.09 billion. Universities and primary schools followed, each receiving SGD 2.97 billion. Polytechnics and the Institute of Technical Education received significantly lower funding, reflecting Singapore's strategic focus on foundational and higher education to drive long-term economic growth.
⛽ Electric Charging Stations Dominate Alternative Fuel Infrastructure in the US
Between 2014 and 2022, US electric vehicle (EV) charging stations grew nearly fivefold, aligning with climate targets to cut greenhouse gas emissions and promote clean energy. Although E85, propane, and other alternative fuels grew more slowly, the increase in biodiesel and renewable fuel stations supports broader sustainability efforts, reflecting a comprehensive approach to achieving climate goals.
📱 Over 1B Monthly Users for WeChat
In November 2023, WeChat topped the Chinese app market with over 1 billion monthly active users, followed by QQ at 804.14 million and Douyin at 751.58 million. The market is heavily dominated by domestic apps, with foreign competitors largely absent due to regulatory barriers, allowing Chinese platforms like Alipay and Pinduoduo to thrive.
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